Moody’s Expect U.S. Banks To Deteriorate, Boon For Bitcoin?
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Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
[Mar 14, 2023 3:30 PM] After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from…
A Record 67.7% Of Bitcoin Remains Unmoved As U.S. Banks Implode
[Mar 14, 2023 2:00 PM] Onchain data suggests that Bitcoin (BTC) appears to be a haven for investors looking to escape the unfolding banking crisis in the United States. A staggering 67.7% of all BTC has remained unmoved for over a year, recent data from Glassnode shows…
Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says
[Mar 14, 2023 9:00 AM] While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tetek says they are “definitely good” for Bitcoin.
SVB crisis: Here are the crypto firms denied exposure to troubled US banks
[Mar 14, 2023 5:45 AM] Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States.
Signature Bank’s Closure Is Political And A Strong Anti-Crypto Message, Ex-Congressman
US Fed faces internal probe over Silicon Valley Bank failure
[Mar 13, 2023 7:53 PM] Federal Reserve chair Jerome Powell said a "careful and thoughtful" review is needed to understand how the bank collapsed under its watch.
Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure
[Mar 13, 2023 4:30 PM] Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes…
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
[Mar 13, 2023 3:00 PM] Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1…
US regulators shut down Signature Bank despite ‘no insolvency’: Report
[Mar 13, 2023 12:56 PM] “Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank.
Okcoin suspends USD deposits in wake of Signature Bank closure
[Mar 13, 2023 9:00 AM] U.S. dollar withdrawals on Okcoin are not affected by the suspension.
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
[Mar 13, 2023 8:30 AM] The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both…
Crypto Exchange Coinbase And Others Disclose Funds In Shuttered Signature Bank
[Mar 13, 2023 6:40 AM] The crypto industry has seen a series of closures among the banks lately. First, Silvergate Capital Corporation closed shop, announcing that it would liquidate its bank. Then Silicon Valley bank followed suit, recording a massive decline in its…
Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week
[Mar 13, 2023 4:21 AM] Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again in the wake of Silicon Valley Bank failing and Signature Bank being closed.
Coinbase CEO ponders banking features after Silicon Valley Bank crisis
[Mar 13, 2023 3:00 AM] Coinbase CEO Brian Armstrong says the exchange has previously considered adding features to become a neo-bank of sorts.
Coinbase, Celsius and Paxos disclose funds in Signature Bank
[Mar 12, 2023 11:34 PM] The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm.
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
[Mar 12, 2023 11:06 PM] Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
Biden vows to hold those responsible for SVB, Signature collapse
[Mar 12, 2023 10:57 PM] US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
[Mar 12, 2023 8:30 PM] The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out…
USDC bounces back toward $1 peg after Fed announcement
[Mar 12, 2023 6:24 PM] Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
[Mar 12, 2023 6:05 PM] On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the…
Breaking: Signature Bank closed by New York banking authorities
[Mar 12, 2023 4:33 PM] The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement.
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
Silvergate downfall sparks debate over whose fault it actually was
[Mar 9, 2023 12:00 AM] The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
Binance Announces New Transaction Limit By Fiat Partner – What Could This Mean For BNB?
[Jan 22, 2023 4:14 PM] According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the bank attempts to reduce its exposure to the…
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
[Jan 22, 2023 3:00 PM] Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the…
US Federal Regulators Warn About Crypto Activities
[Jan 4, 2023 5:45 PM] The crypto space received more regulatory attention through the end of 2022. The collapse of one of the largest global digital asset exchanges brought massive losses to the industry. This event spurred several watchdogs to express concerns and…